Tuesday, September 21, 2010

It took them awhile, but they've finally done it, BP (NYSE:BP) said it will become part of the oil spill rapid response group which already includes Exxon Mobil (NYSE:XOM), Royal Dutch Shell (NYSE:RDS-A), ConocoPhillips (NYSE:COP) and Chevron (NYSE:CVX).

The group is called the Marine Well Containment Co., and will be operated by Exxon Mobil.

BP said their technical people and underwater well containment equipment will be made available to the group.

The companies said in the past they're going to spend about $1 billion to train teams and make equipment to respond to any possible future oil spill.

Last week they started promoting their work, which will have the equipment on standby in case they're needed.